Day: March 12, 2019

The cryptocurrency market is making a comeback this week, after closing out last week in the red. Crypto news was pretty slow last week, but it has picked up a bit today. This morning, CoinCenter released news that the SEC Chairman confirmed that ETH is not ruled as a security by the regulator. In addition to this big news, Binance announced it has added XRP and credit card payment support to its Trust Wallet app. Let’s get into it! Jay Clayton Rules ETH a “Non-Security” When investors began taking notice of…

Major United Kingdom energy company OVO has invested in blockchain firm Electron through its recently launched technology division, Kaluza. The development was announced in an OVO blog post published on March 12. Kaluza — an intelligent grid technology company that provides software and hardware products to the energy sector — has reportedly made an investment in Electron, a London-based energy tech company that uses blockchain technology. The move aims to facilitate Electron’s deployment of distributed energy trading platforms. Electron will purportedly use the proceeds of the investment to develop its…

A key market indicator shows that the Bitcoin price rally may be losing steam. According to Bloomberg, “Bitcoin’s Moving Average Convergence Divergence indicator has been steadily falling since mid-February.” MACD is a commonly used metric for technical analysis. When it diverges from the symbol, it means that a trend may be over with. Watch out Bitcoin Bears – MACD Isn’t Everything Bitcoin’s MACD has been steadily falling since last month, which could signal that the crypto market’s recent recovery is already coming to an end. | Source: Bloomberg Let’s keep…

The company behind a cryptocurrency trading bot is encouraging beginners and experts alike to give automation a try — and says users of all backgrounds can save time by using their technology. Trade Santa says its “easy yet powerful” interface is an early Christmas gift for the crypto community, as it enables them to remain active in the market 24 hours a day, seven days a week. According to the platform, “Hodlers” are among those who can benefit from its service. Trade Santa says its interface means they have the…

Tuesday, March 12 — crypto markets are trading sideways, with total market cap hovering between $133–$134 billion, and Bitcoin (BTC) holding $3,900 for the most part of the day. The top 20 cryptocurrencies by market cap are seeing mixed signals, with losses not exceeding 1.1 percent, while some coins have seen a growth of over 3 percent over 24 hours at press time. Market visualization from Coin360 Bitcoin is trading at $3,912 at press time, up around 0.3 percent over the past 24 hours. The biggest cryptocurrency surged to as…

Ripple’s developer ecosystem project Xpring and game industry blockchain platform Forte have jointly established a $100 million fund to support game developers. The news was announced in a press release published on March 12. The initiative is designed to bolster the mass adoption of blockchain technology in the game industry through the increase of engagement and monetization with players. Forte is reportedly targeting game developers running live games economies with more than 50,000 daily active users and an interest in blockchain deployment. Brett Seyler, Chief Platform Officer at Forte said:…

Prague-based crypto wallet manufacturer Trezor has responded to а report about hardware vulnerabilities from its competitor Ledger on Tuesday, March 12. Trezor claims that none of the weaknesses revealed by Ledger in a detailed report on March 10, are critical for hardware wallets. As per Trezor, none of them can be exploited remotely, as the attacks described require “physical access to the device, specialized equipment, time, and technical expertise.” Trezor further cites the results of a recent security survey performed in partnership with major cryptocurrency exchange Binance. According to the…

Tron prices up 2.5 percent but out of the top 10 ChainLink and Tron partnership rumors may support prices Transaction volumes drop, averages 6.9 million against 37 million of Feb 24 Rumors are rife that Tron and ChainLink are on the verge of collaboration. If that is the case, Tron (TRX) stands to benefit as demand help lift valuation from current pits. The coin is up 2.5 percent from last week’s low but could print above 2.5 cents by end week. Tron Price Analysis Fundamentals Ethereum introduced smart contracts. Smart…

Bitcoin shorts have increased significantly in recent weeks to a monthly high, an indicator that may suggest a decline in the confidence of investors in the dominant cryptocurrency. Shorts remain an unconvincing indicator of the sentiment in the cryptocurrency market because the take of analysts on the impact of short contracts on the price of Bitcoin differs quite regularly. Bitcoin 7-Day Chart (Source: Coinmarketcap.com) Speaking to CCN, cryptocurrency technical analyst and trader “Hsaka” said that shorts do not necessarily reflect the sentiment of investors in the market. Short Squeeze a…

The United States Treasury Department has added Moscow-based bank Evrofinance Mosnarbank to its sanctions list, alleging it was the “primary international financial institution willing to finance” Venezuela’s controversial national oil-backed cryptocurrency, Petro (PTR). The news was announced in an official Treasury press release published on March 11. In its statement, the Treasury accused Evrofinance — which is reportedly jointly owned by Russian and Venezuelan state-owned companies — of materially assisting efforts to launch the cryptocurrency, which it characterized as a “failed” project: “When the failed Venezuelan cryptocurrency, called the Petro,…

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